Brightstar Resources (BTR:AU) has announced CAZ: Cazaly Exercises Earn In Option for 80% of Goongarrie
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Here’s a quick recap of the crypto landscape for Monday (March 24) as of 9:00 a.m. UTC.
Bitcoin and Ethereum price update
Bitcoin (BTC) is currently trading at US$87,491.91, a 3.4 percent increase over the past 24 hours. The day’s trading range has seen a low of US$84,812.41 and a high of US$88,713.83.
Bitcoin’s uptick is partly attributed to President Donald Trump’s recent comments suggesting a flexible approach to upcoming tariffs, which has bolstered market optimism.Additionally, strong institutional investments, including MicroStrategy’s acquisition of 6,911 Bitcoins, has further supported the upward momentum.
Ethereum (ETH) is priced at US$2,090.15, garnering a 3.7 percent over a 24 hour period period. The cryptocurrency reached an intraday low of US$1,981.37 and a high of US$2,102.94.
Altcoin price update
- Solana (SOL) is currently valued at US$140.39, up 7.8 percent over the past 24 hours. SOL experienced a low of US$130.47 and a high of US$145.14 on Monday.
- XRP is trading at US$2.46, reflecting a 2.7 percent increase over the past 24 hours. The cryptocurrency recorded an intraday low of US$2.39 and a high of US$2.50.
- Sui (SUI) is priced at US$2.39, showing a 6.6 percent increase over the past 24 hours. It achieved a daily low of US$2.24 and a high of US$2.45.
- Cardano (ADA) is trading at US$0.7277, reflecting a 3.7 percent increase over the past 24 hours. Its lowest price on Monday was US$0.6942, with a high of US$0.7413.
Crypto news to know
White House pushes Congress to fast-track GENIUS Act
The White House is reportedly pressuring Congress to fast-track the GENIUS Act, a bill that would establish a federal regulatory framework for payment stablecoins, with the goal of getting it to President Trump’s desk within two months.
Introduced by Senator Bill Hagerty, the bill recently passed the Senate Banking Committee with an 18-6 vote and is expected to reach the Senate floor for debate next month under Majority Leader John Thune.
If the legislation garners strong bipartisan backing—potentially reaching 70 votes—lawmakers may bypass reconciliation with the House’s competing STABLE Act and push it through as-is.
The push for rapid approval has sparked concerns among lawmakers and industry leaders, with some arguing that a rushed approach could leave key regulatory gaps unaddressed.
The House Financial Services Committee is set to mark up the STABLE Act on April 2, with some members pushing for compromise between the two bills while others advocate for the Senate version’s swift passage to avoid further delays.
Crypto lobbyists note that the outcome could significantly shape the stablecoin market, determining the level of oversight stablecoin issuers will face in the coming years.
Trump’s Truth Social Post Sends $TRUMP Memecoin Soaring Before Rapid Pullback
The official Trump memecoin, $TRUMP, saw a sharp 10 percent surge on March 23, reaching a high of US$12.25 after Donald Trump unexpectedly endorsed the token in an enthusiastic Truth Social post.
“I LOVE $TRUMP — SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!” wrote the president, fueling a dramatic rise in trading activity.
Following the post, the Solana-based memecoin’s market cap jumped 8.3 percent to US$2.37 billion, while its daily trading volume spiked by over 375 percent, signaling renewed investor interest.
The surge, however, was short-lived—$TRUMP quickly retreated below US$12 as early buyers took profits, with one whale reportedly losing US$207,000 after purchasing a large chunk of tokens and selling at a loss just an hour later. This volatile price action comes amid a broader downtrend for the token, which has declined by over 26 percent in the past month.
The endorsement follows Trump’s recent virtual speech at Blockworks’ Digital Assets Summit, where he discussed the importance of stablecoin regulations, the strategic role of Bitcoin reserves, and concerns over crypto debanking.
Michael Saylor’s Strategy expands holdings to 506,000 BTC with latest US$584M purchase
Michael Saylor’s firm, Strategy, continues its aggressive Bitcoin accumulation, announcing the acquisition of 6,911 BTC between March 17 and 23 at an average price of US$84,529 per coin.
This latest purchase, valued at approximately US$584 million, brings the company’s total holdings to a staggering 506,000 BTC—worth roughly US$44.4 billion at current market prices.
According to an SEC filing, the acquisition was financed through Strategy’s “Common ATM” and “STRK ATM” stock sale programs, with proceeds coming from the issuance of 1.97 million shares of Class A common stock and 13,100 shares of its 8.00 percent Series A perpetual strike preferred stock.
This funding strategy allows Strategy to continue accumulating Bitcoin without diluting the voting power of common shareholders.
Since its first Bitcoin purchase in 2020, the firm has seen its holdings appreciate by approximately 32 percent, representing an unrealized gain of over US$10.6 billion. The company’s latest offering of ‘Series A Perpetual Strife Preferred Stock’—expanded to 8.5 million shares from an initially planned 5 million—is expected to generate additional capital for future Bitcoin acquisitions.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC TheNewswire – March 24, 2025 Heritage Mining Ltd. (CSE: HML FRA:Y66) (‘ Heritage ‘ or the ‘ Company ‘) is pleased to announce that samples have been submitted on Saturday March 22, 2025 from the New Millennium 2025 diamond drill program targeting two mineralized vein systems in the immediate vicinity of the highest grade grab sample on the property (2,330 gt Au) within its flagship exploration project Drayton Black Lake (‘ DBL ‘) (Figure 2 and 3). The Company anticipates recommencing drilling on Zone 3 Extension Prospect in short order.
New Millenium Target Historical Highlights:
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The Company’s 2025 diamond drill program drilled under historical trenches which had results up to 5.18oz/ton Au and 4.8oz/ton Au, +1,000g/t Ag, 0.37% Cu, %0.078 Mo, +1%Pb, 0.68%Zn
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The Company has confirmed these findings at surface in prior work programs returning up to 2,330 g/t Au (grab) in the immediate vicinity of the above-mentioned trenches tracing over 300m at surface
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Multi-elemental analysis from prior channel sampling programs supports positive correlation between Au and Te, Ag, Cu, Pb, Zn. When combined with visual inspection of core, shows similarities to mineralization at Zone 3, an intrusion related gold mineralization system identified in 2024 comparable to Hammond Reef style mineralization.
New Millennium Target Highlights (Press Release: February 27, 2025)
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Total 556m in nine holes completed vs planned 370m over seven holes. Additional meterage was driven from favorable mineralization intersection. All samples are delivered to the lab as at Saturday March 22, 2025.
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Drill holes show multiple occurrences (up to 51.40m core length) of variably mineralized shear zone material, local granitic/felsic intrusions, and massive to semi massive quartz veins (Figure 1) in seven of the nine holes drilled.
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The presence of chalcopyrite with pyrite in chlorite-carbonate alteration with patchy k-feldspar alteration in quartz veins and wall-rock is reminiscent of some of the best Au-bearing intercepts at the nearby Zone 3 Prospect that were drilled in 2024 (September 20, 2024 Press Release).
Click Image To View Full Size
Figure 1: HML025-006 Select photograph showing variably mineralized shear zone material hosting semi massive fine grade pyrite filling laminations within massive to semi massive quartz veins associated with k-feldspar altered granite.
‘The historical significance of the recently acquired (100% owned) New Millennium target area is very impressive and important to mention as we look forward to assay results. Our systematic exploration approach has successfully intersected significant mineralized core lengths, which is an interesting twist compared to the historically observed high-grade but narrow veins at surface.
It seems to widen at depth, which is a very good sign, considering we have only drilled up to 87m.
We are also looking forward to drilling Zone 3 (DBL Project) and the Rognon Mine are (Contact Bay Project), both of which are high potential drill target areas.
For some time now, we have secured a controlling position on our projects within one of the last underexplored greenstone belts with fantastic access in Northern Ontario. I would like to thank the technical team for their contributions to a successful 2025 drill program thus far, and I look forward to the assay results, continued drilling, and our growth together.’ Commented Peter Schloo, President, CEO and Director of Heritage
Click Image To View Full Size
Figure 2: DBL Total Property Outline
Click Image To View Full Size
Figure 3: DBL Project: Reduced-to-Pole Magnetic Intensity over Bedrock Geology
Qualified Person
Mitch Lavery P. Geo, Strategic Advisor for the Company, serves as a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed the scientific and technical information in this news release, approving the disclosure herein.
ABOUT HERITAGE MINING LTD.
The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.
For further information, please contact:
Heritage Mining Ltd.
Peter Schloo, CPA, CA, CFA
President, CEO and Director
Phone: (905) 505-0918
Email: peter@heritagemining.ca
FORWARD-LOOKING STATEMENTS
This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘forecast’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘targeting’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’, ‘outlook’ and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.
Copyright (c) 2025 TheNewswire – All rights reserved.
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March 24, 2025 TheNewswire – Vancouver, British Columbia Blue Lagoon Resources Inc. (the ‘Company’) (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is pleased to announce the addition of Peter Bojtos, P.Eng to its recently formed Mining Committee that is tasked with successfully guiding the Company’s transition from an exploration-focused company to a near-term gold and silver producer at its 100%-owned Dome Mountain Gold Project in British Columbia.
Mr. Bojtos is a Professional Engineer with over 50 years of worldwide experience in the mining industry.
Over his career he has visited and evaluated properties in nearly 80 countries and has been involved with operations in 30 of them. He has carried out more than 15 significant corporate acquisitions, mergers or sales that involved 24 operating mines and he was the regional exploration manager at Kerr Addison at the time of the staking and subsequent discovery of what eventually became Inmet’s Troilus gold-copper mine in Quebec. Mr. Bojtos has participated in the financing, development, building or reopening of
19 mines and has had a hand in the operation of 24 producing mines.
Mr. Bojtos graduated from the University of Leicester, England in 1972, following which he worked at open-pit iron-ore and underground base-metal and uranium mines in West Africa, the United States and Canada. Then for 12 years he worked in Toronto for Kerr Addison Mines Ltd., a Noranda Group company, in increasingly senior management and officer positions. From 1990 to 1992 he was the President & CEO of RFC Resource Finance Corp. restarting a zinc mine in Washington State. From 1992 to 1993 Mr. Bojtos was the President & CEO of Consolidated Nevada Goldfields Corp. that operated precious metal mines in the United States. From 1993 to 1995 he was Chairman & CEO of Greenstone Resources Ltd, acquiring, constructing and operating several gold mines in Central America.
For the past 26 years Mr. Bojtos has been an independent director of numerous Canadian, US, Australian, London or European listed mining and exploration companies including Birim Goldfields Inc., Desert Sun Mining Corp., Queenstake Resources Ltd., European Uranium Inc., US Gold Corp., Vaaldiam Resources Ltd. and William Resources Inc. and is currently the Chairman of the Board of Avino Silver & Gold Mines Ltd. He was also the President of Pembridge Resources plc which acquired and restarted the Minto copper
mine in Yukon.
‘As we transition Blue Lagoon Resources from an exploration company to a near-term producer, assembling a team of proven industry leaders is critical to our success,’ said Rana Vig President and CEO of Blue Lagoon Resources. ‘Peter’s extensive experience in mine development, financing, and operations makes him an invaluable addition to our Mining Committee. His deep understanding of what it takes to bring mines into production and maintain profitable operations, will provide us with strategic guidance as we focus on responsibly and efficiently advancing the Dome Mountain Gold Project . We are excited to welcome Peter to the team and look forward to his contributions as we move into this next chapter of growth,’ he added.
A Strong Foundation for Growth
The Mining Committee has been strategically assembled to provide technical guidance, operational oversight, and strategic planning expertise as Blue Lagoon moves forward towards production. While Dome Mountain remains a highly prospective district-scale property with 15 known high-grade gold veins and less than 10% of the land package explored , the Company’s primary focus is on safely, responsibly and efficiently mining its fully permitted deposit while self-funding future exploration and resource expansion .
With the addition of Mr. Bojtos and further strategic appointments that will be announced in the coming weeks, Blue Lagoon Resources is well-positioned to accelerate its transition to gold and silver production and build shareholder value.
Any production decision in advance of obtaining a feasibility study of mineral reserves demonstrating economic and technical viability of the project is associated with increased uncertainty and risk of failure .
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 – one of only nine such permits issued in British Columbia since 2015 – Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company’s primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
For further information, please contact:
Rana Vig
President and Chief Executive Officer
Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the ‘Company’) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘targets’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’, ‘mine’, ‘production’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward- looking statements are based on the beliefs, estimates and opinions of the Company’s management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s, contractor’s and consultants’ beliefs, estimates or opinions, or other factors, should change.
Copyright (c) 2025 TheNewswire – All rights reserved.
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TORONTOTheNewswire – March 2 4 2025 – Noble Mineral Exploration Inc. (‘ Noble ‘ or the ‘ Company ‘) (TSXV: NOB) (OTCQB: NLPXF) is pleased to report that t he White House announced immediate measures to be introduced to significantly increase the US production of lithium, nickel, copper, and rare earths, with an eye to increased production, the creation of jobs and, significantly, the reduction of US reliance on foreign nations.
The aim of the United States is to take immediate action to facilitate domestic mineral production to the maximum extent possible.
Heads of related Agencies, including Defense, Energy and Agriculture, are to be charged to facilitate domestic mineral production in the United States, providing loans, capital and technical assistance and working capital and to facilitate commercially viable domestic mineral production project to the maximum possible extent.
The link to the Executive Order is https://www.whitehouse.gov/presidential-actions/2025/03/immediate-measures-to-increase-american-mineral-production/
Homeland Nickel Inc. (SHL.V : SRCGF) is in a unique position in the US, its Oregon project has the potential to become one of the only suppliers of domestic Nickel in the country.
Homeland Nickel Inc., is poised to enter the US critical minerals market with a project which would qualify for all the Government DOD, DOE and IRA subsidies currently available.
A total of 30 EV battery plants are either planned, under construction or operational in North America. Of these, 3 plants are located within 500 miles in the adjoining States of Nevada and California. This is not to mention the global demand for stainless steel. As a consequence, Homeland is currently looking at acquiring additional other advanced Nickel-Copper properties in this region.
Noble Mineral Exploration inc. currently holds ~19,500,000 shares and 750,000 2-yr warrants of Homeland Nickel Inc.
Vance White CEO of Noble Mineral Exploration said: ‘As a very large shareholder of Homeland Nickel we are pleased that this may fast track the ability to carry out our proposed programs on the Red Flats and Cleopatra projects in Oregon where we have a potentially very large resource of nickel ore very close to surface. This could get very exciting!’
About Noble Mineral Exploration Inc.
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company, which has holdings of securities in Canada Nickel Company Inc., Homeland Nickel Inc., East Timmins Nickel Inc.(20%), and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario.
Noble holds mineral and/or exploration rights in ~70,000ha in Northern Ontario, ~14,000ha elsewhere in Quebec and Newfoundland, upon which it plans to generate option/joint venture exploration programs .
Noble holds mineral rights and/or exploration rights in ~18,000 hectares in the Timmins-Cochrane areas of Northern Ontario known as Project 81, ~2,215 hectares in Thomas Twp/Timmins, as well as an additional 20% interest in ~38,700 hectares in the Timmins area and ~175 hectares of mining claims in Central Newfoundland. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. Noble also holds ~4,600 hectares in the Nagagami Carbonatite Complex and its ~3,200 hectares in the Boulder Project both near Hearst, Ontario, as well as ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property, and ~1,573 hectares in the Cere-Villebon Nickel, Copper, PGM property, ~569 hectare Uranium/Rare Earth property (Chateau) and a ~461 hectare Uranium/Molybdenum property (Taser North), all of which are in the province of Quebec.
Noble’s common shares trade on the TSX Venture Exchange under the symbol ‘NOB.’
More detailed information on Noble is available on the website at www.noblemineralexploration.com .
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless-steel markets . Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel TM , NetZero Cobalt TM , NetZero Iron TM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. Canada Nickel’s common shares trade on the TSX Venture Exchange under the symbol ‘CNC’.
For more information, please visit www.canadanickel.com.
Cautionary Statement Concerning Forward-Looking Statements
The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks, and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: info@noblemineralexploration.com
Investor Relations
Email: ir@noblemineralexploration.com
Copyright (c) 2025 TheNewswire – All rights reserved.
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Here’s a quick recap of the crypto landscape for Friday (March 21) as of 9:00 p.m. UTC.
Bitcoin and Ethereum price update
Bitcoin (BTC) is currently trading at US$83,955.92, a 0.7 percent decrease over the past 24 hours. The day’s trading range has seen a low of US$83,238.78 and a high of US$84,411.85.
A new analysis by trading resource Material Indicators on March 20 (Thursday) identified a classic manipulatory device known as spoofing by one or more whales as a reason why Bitcoin failed to sustain or rally past US$87,500 yesterday. Crypto markets are seeing decreased speculative trading, indicated by a lower Bitcoin hot supply. Analysts predict bearish trends could continue, with Bitcoin possibly dropping to $60,000.
Bitcoin performance, March 21, 2025.
Chart via TradingView.
Ethereum (ETH) is priced at US$1,973.30, trading flat over the same period. The cryptocurrency reached an intraday low of US$1,938.90 and a high of US$1,976.41.
Crypto analytics platform Santiment observed the lowest supply of Ether on crypto exchanges since November 2015, which suggests that investors are moving their ETH into cold storage wallets for long-term holding. This could lead to a supply shock, resulting in a potential price surge.
Altcoin price update
- Solana (SOL) is currently valued at US$128.15, up 0.2 percent over the past 24 hours. SOL experienced a low of US$125.34 and a high of US$129.04 on Friday.
- Sui (SUI) is priced at US$2.27, showing a 4.6 percent decrease over the past 24 hours. It achieved a daily low of US$2.24 and a high of US$2.29.
- Cardano (ADA) is trading at US$0.7105, reflecting a 1.1 percent decrease over the past 24 hours. Its lowest price on Friday was US$0.7017, with a high of US$0.7167.
Crypto news to know
Australia exploring digital asset integration
The Australian government is developing a regulatory framework for digital assets, focusing on digital asset platforms (DAPs) and payment stablecoins. According to a white paper released by the Treasury office, the reforms aim to balance innovation with consumer protection, aligning with international best practices.
Key elements include extending existing financial services laws to DAPs, treating payment stablecoins as stored-value facilities and reviewing the enhanced regulatory sandbox. Under the framework, the government plans to explore the potential of digital asset technology, while addressing de-banking issues and considering future initiatives such as the Crypto Asset Reporting Framework, central bank digital currencies, tokenization and decentralized finance.
The paper details a pilot program that centers around exploring the practical applications of tokenization in financial markets, particularly in the wholesale sector. The program will be executed in collaboration with the Digital Finance Cooperative Research Center, the Treasury, ASIC and the Australian Prudential Regulation Authority.
These developments come ahead of a federal election slated for May 17 or earlier.
Coinbase in talks to acquire Deribit
Coinbase is reportedly in advanced discussions to acquire leading cryptocurrency derivatives platform Deribit, according to a Bloomberg report released on Friday afternoon.
According to sources cited by the news outlet, the move aims to bolster Coinbase’s presence in the institutional crypto trading space by integrating Deribit’s established options and futures offerings.
The acquisition would allow Coinbase to diversify its revenue streams and cater to sophisticated traders seeking complex financial instruments, potentially solidifying its position as a comprehensive crypto exchange in a rapidly evolving market.
The companies have not commented on the potential deal, but have reportedly notified regulators in Dubai where Deribit holds a license.
Canary Capital files to list Pengu ETF
Canary Capital has filed US regulatory documents to list an exchange-traded fund (ETF) that would hold Pengu (PENGU), the governance token of the Pudgy Penguins non-fungible token (NFT) project.
This move follows an earlier proposal by the investment firm to offer the first Sui ETF on Monday (March 17).
The proposed Pengu ETF aims to hold spot PENGU and Pudgy Penguins NFTs, potentially becoming the first US ETF to hold NFTs if approved. The filing also reveals plans for the ETF to hold other digital assets, such as SOL and ETH, for transactions related to the PENGU and Pudgy Penguins NFTs.
As of March 21, PENGU had a market cap of approximately US$395 million, according to CoinGecko.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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HITIQ Limited (ASX: HIQ) (HITIQ or the Company) announces a strategic shift to focus on the consumer market, targeting amateur and community-level athletes of all ages across a variety of sports with its new HITIQ PROTEQT system. This shift to the consumer market is a natural strategic step for the Company, running in parallel with its established work in professional sports, taking its world-leading impact detection technology where it can have the greatest impact—in the amateur sporting community, and positioning HITIQ to tap into a vast, accessible market, steering the Company toward a sustainable, cash flow positive future. This direction is reinforced by a significant milestone: a three-year partnership with the Victorian Amateur Football Association (VAFA), naming HITIQ as the VAFA’s ‘Official Concussion Technology Partner.’
- HITIQ is shifting its strategic focus to the consumer market, targeting amateur and community-level athletes.
- This strategic shift to the consumer market complements ongoing efforts in professional sports.
- A three-year partnership with the VAFA marks a key launchpad, driving HITIQ toward a cash flow positive future.
The consumer market, encompassing millions of amateur players globally, offers a substantial opportunity driven by increasing concussion awareness and demand for cost-effective safety solutions. Research shows community-level athletes and parents prioritize wellbeing, creating strong incentives for adopting HITIQ’s technology, which includes real-time impact detection, symptom assessment, and telehealth support. As part of this shift, HITIQ PROTEQT will be made available to VAFA clubs, monitoring head impacts in real time, flagging potential concussion risks, and guiding players through symptom assessments with telehealth access to emergency physicians and concussion specialists when needed. Players diagnosed with concussion by their preferred medical professional will follow club medical staff guidance and AFL community concussion protocols for return-to-play. Leveraging its extensive elite sports foundation, HITIQ will keep advancing its technology at this level to strengthen offerings for the community market.
HITIQ PROTEQT integrates proven elite-level technology—previously validated by partners like Monash University and Virginia Tech—into an accessible, boil-and-bite smart mouthguard. Priced for broad uptake and paired with a subscription model, HITIQ PROTEQT offers head impact monitoring, concussion management, and return-to-play guidance, and will be available to consumers this season. The VAFA partnership builds on HITIQ’s prior success with the Nexus iMG in this league, providing a proven foundation to drive adoption among amateur players and families.
Earl Eddings, Executive Chairman of HITIQ, said:
“This shift positions HITIQ where the real demand is – grassroots sport. We’ve built a scalable, consumer- focused product that meets a clear need, backed by world-class technology and partnerships. This is about delivering safety to millions while driving sustainable growth for shareholders. Partnering with the VAFA is a critical step toward bringing HITIQ PROTEQT to life. With the VAFA as our launchpad, we’re gearing up to deliver our cutting-edge technology to community sport, starting with their teams and expanding nationwide.”
VAFA CEO Jason Reddick said:
“Player safety is a primary priority for the VAFA, and concussion is one of the most serious health issues in the game. So partnering with HITIQ, who are leading the way in impact detection technology that can assist with early flagging of potential concussions, is another step forward. We’re happy to help bring this next-level tool to our VAFA community and encourage our clubs to learn more about HITIQ PROTEQT. Any tool that can help players and club medical staff quickly identify a potential concussion and begin assessment and treatment earlier is worthy of consideration.”
Stuart McDonald, Senior Research Fellow of Monash University’s Department of Neuroscience, said: ‘Research with HITIQ’s instrumented mouthguards, including our studies in the VAFA, has shown they reliably detect and quantify the forces exerted on the head during collisions. Based on our experience, players have found their previous mouthguards very comfortable, and they also show promise in identifying impacts that may carry a higher concussion risk. While these devices do not diagnose concussion, they could be used to highlight significant impacts that might otherwise have been missed, encouraging appropriate symptom monitoring and medical evaluation.’
The Company’s growth strategy includes scaling manufacturing and expanding into key markets starting with Australia. With board renewal, we have brought in sport and consumer expertise, and a refreshed leadership team with global sports tech experience will support this shift, alongside plans to build a leading concussion dataset for stakeholders. With the VAFA partnership as a springboard, this strategic shift sets HITIQ on a clear course for profitability.
Earl Eddings will be presenting the attached slides this week for a non-deal Asia roadshow.
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Kaiser Reef Limited (‘Kaiser’ or ‘the Company’) is pleased to announce that it has entered into a definitive agreement (the “Agreement”) with Catalyst Metals Limited (ASX:CYL) (“Catalyst”) to acquire the Henty Gold Mine and associated Tasmanian exploration tenements (“Henty Gold Mine” or “Henty”).
KEY HIGHLIGHTS
- Proven production asset with a cumulative production history of 1.4Moz at 8.9g/t Au1 and a track record of replacing mined ounces. Gold produced in the December Quarter totalled 6,594oz, produced at an AISC of A$2,631/oz2
- JORC compliant Mineral Resource of 4.1Mt @ 3.4g/t Au for 449kozs of contained gold and Ore Reserve of 1.2Mt @ 4.0g/t Au for 154kozs
- Highly attractive acquisition metric of less than A$1,200 per production ounce4 based on total upfront consideration of A$31.6 million, comprising A$15.0 million cash and 118.6 million shares issued to Catalyst, equivalent to a 19.99% shareholding
- Acquisition immediately transforms Kaiser into a +30kozpa5, multi-asset gold producer with a clear pathway to grow to a 50kozpa production target
- Kaiser and Catalyst agree an option to form a strategic partnership in the Victorian Goldfields around the Maldon gold processing plant, including an option to expand the processing plant, supporting both Kaiser’s and Catalyst’s Victorian ambitions
- A further A$10 million of funding secured with Auramet International Inc, consisting of a A$8 million senior secured gold loan and a A$2 million unsecured gold prepayment facility ensuring a strong working capital position
TRANSACTION SUMMARY
Kaiser Reef Ltd (ASX:KAU) (“Kaiser” or the “Company”) is pleased to announce that it has entered into a definitive agreement (the “Agreement”) with Catalyst Metals Limited (ASX:CYL) (“Catalyst”) pursuant to which Kaiser will acquire the Henty Gold Mine and associated Tasmanian exploration tenements (“Henty Gold Mine” or “Henty”) for:
- A$15.0 million upfront consideration;
- A$16.6 million in shares issued to Catalyst (Catalyst to emerge as a 19.99% shareholder);
- deferred payments of 50 ounces per month to Catalyst, capped at 3,000 ounces and commencing 6 months from Completion (“Deferred Consideration”);
- 0.5% NSR royalty on gold produced from the Darwin Target Zone area;
- Kaiser to reimburse Catalyst A$3.9 million in Environmental Bond Payments to Mineral Resources Tasmania in 12 monthly instalments; and
- an option agreement through which Catalyst may enter into a joint venture with Kaiser in relation to the Maldon processing plant.
together the (“Transaction”).
STRATEGIC RATIONALE
- Established production platform: The Henty Gold Mine is an established gold production platform, with historical production of 1.4Moz @ 8.9g/t. Since acquiring Henty in 2021, Catalyst has made significant operational improvements and investments at Henty, including drill platforms, drilling, tailings, underground fleet and people.
- 5-year mine plan: Work to date has culminated in establishing a robust 5-year mine plan underpinned by a current Ore Reserves of 1.2Mt @ 4.0g/t for 154koz. There is significant scope to extent mine life based on the current Mineral Resource of 4.1Mt @ 3.4g/t Au for 449koz along with the considerable opportunities for near-mine exploration and development success.
- Significant infrastructure: There is significant infrastructure in place at the Henty Gold Mine including a 300ktpa CIL processing plant, surface & underground workshops, administration complex, access to hydro generated grid power and refreshed tailings storage capacity.
- Implement and build on operational capacity: Key Kaiser executives have significant experience in the optimisation of similar assets to Henty achieved through a combination of operational improvement and targeted exploration investment. The support from Catalyst as a 19.99% strategic shareholder, along with the addition of the Henty site operating team, a stable & skilled local workforce of +150 employees, will further strengthen the Kaiser team.
- Flagship asset: With the Henty Gold Mine as its flagship asset, the Kaiser team will provide dedicated focus to continue the significant work completed by Catalyst and further drive operational improvements at Henty.
Kaiser’s Managing Director, Jonathan Downes said:
“We are excited to significantly expand Kaiser’s production base, exploration opportunities and enter into a strategic partnership with Catalyst in Victoria. We look forward to welcoming the Henty team into Kaiser and growing the business together.
“Catalyst has done a great job building a profitable operation at Henty over the last 4 years, with clear production and mine life visibility, plus some great exploration targets. Kaiser will continue to re-invest into Henty and build on what Catalyst has already achieved. We are very pleased to have Catalyst’s continued involvement and exposure to the upside at Henty, both as Kaiser’s major shareholder and through their board representation.
“The option for Kaiser and Catalyst to enter into a 50/50 JV partnership at the Maldon processing plant gives both parties a clear pathway that supports their Victorian ambitions. A Joint Venture can unlock the benefits that would come with plant expansion and increased operational scale, and we look forward to working with Catalyst as JV partners if they execute the option.
“I’m also pleased that Brad Valiukas will be taking a full-time role with Kaiser as Director – Operations. Brad has a wealth of experience in underground mining and helping to grow companies such as Mincor Resources, to their peak period operating 8 mines, and Northern Star, bedding in assets from Newmont, Barrick and Sumitomo. Brad has been instrumental in the changes we have made over the last few months at A1, accelerating the capital development to get below historic workings and setting A1 up to deliver going forward.
“The addition of Henty to our portfolio, alongside A1 in Victoria, positions Kaiser as a >30,000oz old producer and targeting 50,000 ounces of gold production per annum in the short term. Each of the gold projects provides expansion and exploration opportunities and collectively positions Kaiser for a market re-rating in line with our peers. The value metrics of Kaiser are compelling with three gold mines (one on care and maintenance) and two gold processing plants – all held with an enterprise value of A$67 million.”
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Errawarra Resources Ltd (ASX: ERW) (Errawarra or the Company) is delighted to announce that it has entered binding agreements (refer Acquisition Terms) pursuant to which the Company has acquired 70% of the historical Elizabeth Hill Silver Project (“Project” or “Elizabeth Hill”), 70% of the silver rights to the Pinderi Hills Project tenement package and 70% of the ownership of 3 tenements or tenement applications surrounding the silver project. This collective tenement package totalling 180km2 is in the Tier 1 mining jurisdiction of the Pilbara, Western Australia (Figure 2 – Project Location).
HIGHLIGHTS:
- Transformational acquisition of the high-grade Elizabeth Hill Silver Project in the West Pilbara mining region of Western Australia
- Acquisition agreed in conjunction with a $3 million placement to existing shareholders and new investors including major fund investors
- Historical production of 1.2Moz Ag from 16kt ore (~2,194 g/t Ag head grade)1 over only 1 year of operation
- Elizabeth Hill mining operations ceased in 2000 due to declining silver prices (~USD $5/oz)2
- Requisite geology and structure present, with the Project located on a major ultramafic complex with multiple high grade silver drill intercepts including3:
- 11.7 m @ 5,371 g/t Ag from 13m (21EHDD003)
- 24 m @ 1,228 g/t Ag from 64m (AMEHRC009)
- 43 m @ 370 g/t Ag from 0m (22AMC001); and
- 24.8m @ 915 g/t Ag from 2m (21EHDD001)
- Errawarra becomes the first explorer to consolidate the Elizabeth Hill Mine and the surrounding land package of 180km2, which covers additional highly prospective underexplored areas for silver mineralisation
- Experienced precious metals geologist Mr. Robert Mosig has joined the board to assist in fast-tracking forward development and exploration activities at Elizabeth Hill
- Highly respected ERM Consultants led by Mr Ian Stockton have already commenced analysis of the Elizabeth Hill geological setting including comparisons with analogous projects globally to assist in target generation
- Project located on a granted mining lease (ML) and all the required exploration/drilling approvals are in place to fast track immediate drilling post site visit and target prioritisation
The Elizabeth Hill Project acquisition is conditional upon meeting the condition precedent and obtaining the relevant approvals, amongst others, Errawarra entering into separate joint venture agreements with Alien Metals Limited (Alien) (AIM: UFO) and GreenTech Metals Limited (GreenTech).
This transformational acquisition ensures that the Company is now underpinned by a high-grade historical producing silver asset, with significant resource growth potential and future low-cost operational opportunities in a Tier 1 global mining jurisdiction.
Chairman Thomas Reddicliffe commented:
“This is an exceptional opportunity for our shareholders, and we are fortunate to have secured an interest in the Elizabeth Hill Silver Project and extensions. This will enhance our existing exploration projects in the same region of Western Australia with the addition of an interest in a high-grade past producing silver asset with growth potential not previously tested.”
“The combination of existing high-grade silver intercepts signify growth potential and compelling exploration prospectivity at both near mine and regional targets. With Elizabeth Hill being located on an approved mining lease, this presents an opportunity for the Company to fast-track drilling and, if successful, mining supported by a buoyant silver market driven by strong investor demand and global issues.”
“We look forward to immediately getting work underway with regular news in the near future”.
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Greenvale Energy (GRV:AU) has announced Greenvale $1.8m placement to fast-track uranium exploration
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